Baylake Bank > Baylake Corp. > Corporate Governance

ASSET MANAGEMENT COMMITTEE CHARTER
Baylake Bank/Baylake Corp

Asset Management Committee Purpose

The primary purpose of the Asset Management Committee is to act on behalf of the Board of Directors in supervising the operations of the Trust Division to ensure proper exercise of the fiduciary powers of the bank, and to review the activities of Baylake Insurance Agency, Baylake Investments, and the Private Banking Division.

The committee’s primary responsibilities are to:

• Review and approve the organization and administration of the Trust Division.
• Review and approve Trust Division investment policies and activities.
• Review and approve other Trust committee minutes, including the Trust Officers Committee and the Trust Investment Committee.
• Review Trust Division Financial Reports and prospects.
• Review and approve new trust services and new business programs.
• Review changes in laws and regulations, as well as bank examiners’ and auditors’ reports, and any litigation involving the Trust Division.
• Review the administration of Baylake Insurance Agency and Baylake Investments, including financial reports and business development results.
• Review the activities of the Private Banking Division.

Committee Membership

The Asset Management Committee shall consist of the following members:

(under construction - coming soon)

Committee Meetings

The Committee shall meet monthly at a time and place designated by a majority of the Committee. The Committee shall maintain minutes of its meetings, and shall submit it’s minutes to the full Board of Directors’ at its next regular meeting following the Committee meeting.

Committee Responsibilities and Duties

To fulfill its duties, the Committee shall

• Review and approve all Trust Officer Committee minutes, including individual account reviews, and all discretionary distributions.

• Review and approve all Investment Committee minutes, including the Master Stock List and Mutual Fund Monitored List, and determine whether individual accounts’ investments are being made or retained in the accordance with the investment policy of the Division.

• Review all financial information for each division, including the balance sheet detail report, income and expense reports and/or branch production reports as applicable to each division.

• Review and approve all new and closed trust accounts and review fee concessions.

• Review and approve or reject all proposed policy changes.

• Review the reports of each division manager and grant approvals when required.

• Conduct such other reviews and approvals as required by each Division’s Policy and Procedures, and such other activities consistent with this charter, or as the Board of Directors deems appropriate.